Allied Blenders and Distillers IPO Date, Review, Price, Allotment Details

Allied Blenders and Distillers IPO Details: The Hyundai Motor India IPO is scheduled to open on June 24 and will close on June 26. The IPO aims to raise approximately ₹1500 crores, consisting of a fresh issue of ₹1000 crores and an offer for sale of up to ₹500 crores, with each share priced at ₹2. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-Worth Individuals (HNI) is 15%.

Allied Blenders is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third-largest IMFL company in India based on annual sales volumes from Fiscal 2014 to Fiscal 2022 (Source: Technopak Report). They are one of only four spirits companies in India with a nationwide sales and distribution network, a leading exporter of IMFL, and held an estimated market share of 11.8% in the Indian whisky market for Fiscal 2023.

Their flagship brand, Officer’s Choice Whisky, was launched in 1988, marking their entry into the mass premium whisky segment. Officer’s Choice Whisky ranked among the top-selling whisky brands globally by annual sales volumes between 2016 and 2019 (Source: Technopak Report). Over the years, they have diversified their product range across various categories and segments. As of August 31, 2023, their portfolio included 17 major IMFL brands spanning whisky, brandy, rum, and vodka. Notable brands such as Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky are recognized as ‘Millionaire Brands,’ each selling over a million 9-litre cases in one year (Source: Technopak Report).

Objects of the Issue

Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.

General corporate purposes.

Allied Blenders IPO Review (Apply or Not)

To be updated soon

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Allied Blenders IPO Date & Price Band Details

IPO Open:	June 24, 2024
IPO Close:	June 26, 2024
IPO Size:	Approx ₹1500 Crores
Fresh Issue:	Approx ₹1000 Crores
Offer for Sale:	Approx ₹500 Crores
Face Value:	₹2 Per Equity Share
IPO Price Band:	₹267 to ₹281 Per Share
IPO Listing on:	BSE & NSE
Retail Quota:	35%
QIB Quota:	50%
NII Quota:	15%
Discount:	N/A

Allied Blenders IPO Market Lot

The minimum market lot for the Allied Blenders and Distillers IPO is 53 shares, requiring an application amount of ₹14,893. Retail investors can apply for up to 13 lots, which equals 689 shares or ₹193,609

Application	Lot Size	Shares	Amount
Retail Minimum	1	53	₹ 14,893
Retail Maximum	13	689	₹ 1,93,609
S-HNI Minimum	14	742	₹ 2,08,502
B-HNI Minimum	68	3,604	₹ 10,12,724

Allied Blenders IPO Allotment & Listing Dates

The Allied Blenders and Distillers IPO will open on June 24 and close on June 26. The allotment of shares will be finalized on June 27, and the IPO is scheduled to be listed on July 1.

Anchor Investors Allotment:	June 23, 2024
IPO Open Date:	June 24, 2024
IPO Close Date:	June 26, 2024
Basis of Allotment:	June 27, 2024
Refunds:	June 28, 2024
Credit to Demat Account:	June 28, 2024
IPO Listing Date:	July 1, 2024

Allied Blenders and Distillers Company Financial Report

			₹ in Crores
Year	Revenue	Expense	PAT
2021	₹ 6,398	₹ 6,185	₹ 2.51
2022	₹ 7,208	₹ 7,001	₹ 1.48
2023	₹ 7,117	₹ 6,921	₹ 1.60
Dec-23	₹ 5,915	₹ 5,729	₹ 4.23

Allied Blenders and Distillers IPO Valuation – FY2023

Review the valuation details for the Allied Blenders and Distillers IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

Earning Per Share (EPS):	₹0.07 per Equity Share
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	0.39%
Net Asset Value (NAV):	₹16.64 per Equity Share

Peer Group

Company Promoters

Allied Blenders and Distillers IPO Registrar

Allied Blenders IPO Allotment Status Check

Check the IPO allotment status on the Link Intime website Click here.

Allied Blenders IPO Lead Managers (Merchant Bankers)

Company Address

Allied Blenders and Distillers IPO FAQs

What is Allied Blenders and Distillers IPO?

Allied Blenders and Distillers IPO is a main-board IPO aiming to raise ₹1500 crores. The issue price is set between ₹267 and ₹281 per equity share. The IPO will be listed on BSE and NSE.

When will Allied Blenders and Distillers IPO open?

The IPO will open on June 24, 2024, for QIB, NII, and Retail Investors.

What is the investor portion for Allied Blenders and Distillers IPO?

The investor portions are: QIB – 50%, NII – 15%, Retail – 35%.

How to apply for the Allied Blenders and Distillers IPO?

You can apply via ASBA online through your bank account or through UPI via your stock brokers. You can also apply offline by filling out the form with your stock brokers.

How to apply for the Allied Blenders and Distillers IPO through Zerodha?

Log in to Console on the Zerodha website or app. Go to Portfolio and click on IPO. Select “Allied Blenders and Distillers”, enter your UPI ID, quantity, and price, and submit the form. Approve the mandate on your UPI app. Open a Demat account with Zerodha if needed.

How to apply for the Allied Blenders and Distillers IPO through Upstox?

Log in to the Upstox app with your credentials. Select the IPO “Allied Blenders and Distillers”, click on Bid, confirm your application, and approve the mandate on your UPI app. Open a Demat account with Upstox if needed.

How to apply for the Allied Blenders and Distillers IPO through Paytm Money?

Log in to the Paytm Money app with your credentials. Select the IPO “Allied Blenders and Distillers”, click on Bid, confirm your application, and approve the mandate on your UPI app. Open a Demat account with Paytm Money if needed.

What is the size of the Allied Blenders and Distillers IPO?

The IPO size is ₹1500 crores.

What is the price band for the Allied Blenders and Distillers IPO?

The price band is ₹267 to ₹281.